Wisconsin native, conservative critic of everything.
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Monday, June 27, 2011

Personal Income Increases? Not Really

Personal income increased $36.2 billion, or 0.3 percent, and disposable personal income (DPI) increased $29.2 billion, or 0.2 percent, in May, according to the Bureau of Economic Analysis.

Hey, that's good, no?

Well, actually, no. It's not.

Proprietors' income decreased $1.7 billion in May, in contrast to an increase of $3.2 billion in April. Farm proprietors' income decreased $1.3 billion, the same decrease as in April. Nonfarm proprietors' income decreased $0.4 billion in May, in contrast to an increase of $4.5 billion in April.

And private wage/salary increased by $14.Bn. So where's the rest?

Personal current transfer receipts increased $9.3 billion, in contrast to a decrease of $1.8 billion.